General News
Toyota to Invest Further $1B to Boost Output at US Plants
Toyota will plow $800 million into its factory in Georgetown, Ky., and $200 million for its Princeton, Ind., facility.
Wing Drones to Start Silicon Valley Deliveries This Year
This is the first time that consumers in the company’s home market will be able to try out the technology.
Averitt Boosts LTL Network as Freight Market Upturn Beckons
Averitt Express is expanding its core less-than-truckload business to get ahead of what it sees as an emerging upturn in the less-than-truckload market.
'China Speed' Is the Global Auto Industry's New Benchmark
Global automakers' new yardstick is defined by rapid-fire development cycles, software-first design and relentless cost compression born of China’s EV boom.
Trump Extends Hormuz Deadline, Halts Strikes
Wall Street shot higher and global oil futures tumbled March 23 after President Donald Trump extended his deadline for Iran to reopen the crucial Strait of Hormuz.
IEA Says Iran War a 'Major, Major Threat' to Global Economy
Fatih Birol said at Australia’s National Press Club that the war has had a worse impact on oil than the two oil shocks of the 1970s combined.
Perspective: Chameleon Carriers Undermine Roadway Safety
Motor carrier safety records are meant to protect the public, but chameleon carriers undermine the system to evade accountability, writes Aim's Ron Bourque.
Nebraska Seeks Truckers to Haul Hay After Massive Wildfire
Truckers willing to haul hay for cattle rescued from Nebraska’s largest wildfire are being sought and offered a stipend to offset high fuel prices.
Georgia Gov. Kemp Suspends Motor Fuel Taxes for 60 Days
Georgia Gov. Brian Kemp signed a law March 20 to suspend for 60 days motor fuel taxes to help residents cope with rising pump prices.
Analysts Doubt Canada Can Meet IEA Oil Target
Canada would be the third-largest contributor to the IEA’s program, with the added crude at about 130,000 extra barrels a day if rolled out over six months.
FMCSA Toughens Enforcement of Carrier Number Transfers
“FMCSA will inactivate USDOT Numbers upon discovery that the number is being used by anyone other than the assigned legal person,” the FMCSA said.
Dallas Fed Sees Hit to Global GDP if Hormuz Stays Shut
Economists are monitoring both the inflationary and demand impacts from soaring prices of gasoline, diesel and other petroleum products.
Oil Tanker Market’s Key Rate Thrown Into Chaos
Without the TD3 rate, the brokers have almost nothing upon which to base their assessments.
North Carolina Could Claw Back VinFast EV Plant Incentives
The automaker's latest blueprint calls for 80% fewer workers than promised, which jeopardizes hundreds of millions of dollars in incentives.
Senate Bill Calls for Fertilizer Price Transparency
The Fertilizer Transparency Act would “offer market participants of all sizes comparable levels of market information on fertilizer components.”
US Soy Ships Pile Into China as Summit Delay Clouds Trade
The uncertainty has weighed on soybean prices, with Chicago futures headed for a weekly drop of around 4.5%, the most in nearly a year.
Oil Refiners Pay Huge Premiums to Replace Middle East Crude
The prices demonstrate yet another pinch point in the global energy industry system caused by the effective closure of the Strait of Hormuz.
TMC Welcomes Mark Kennedy as Its 67th General Chairman
The final night of the Technology & Maintenance Council Annual Meeting marked the introduction of its 67th general chairman and treasurer, Mark Kennedy.
Motive Faces $30M Arbitration Loss but Wins ITC Patent Case
Motive Technologies has been ordered to pay rival Samsara more than $30 million over false advertising claims but was cleared in a patent infringement case.
FedEx Lifts Profit Outlook as Network Plan Gains Traction
Investors are looking to FedEx for signals about what the war in Iran and the Supreme Court’s decision on tariffs may mean for corporate America.